Sunday, March 21, 2010

YOU KNOW WHAT? I LOVE A GOOD IMPLIED CONSPIRACY THEORY: Zero Hedge on the life and mysterious death of Lehman trader Gerard Reilly. Who had his fingers in basically all of Lehman's pies.

Another bit of Lehman flotsam I came across was this article about former Lehman CFO Erin Callan, which introduces (to me) the concept of the glass cliff. Wherein a woman is promoted to a prominent position during times of trouble, and her bosses get praised for being so edgy, and she's left holding the bag when things go wrong. As someone notes in the article, its usually dudes occupying those prominent positions when times are good. (It's in The Guardian though, standard warnings about British newspapers apply.)

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